Silver & Platinum Near Bullish Cycles as Gold & XAU Also Set Multi-Week Lows!
05-17-25 – “Gold & Silver are fulfilling expectations and could enter new rallies in late-May…Gold & Silver sold off into mid-month with Gold fulfilling primary expectations for a ‘c’ wave drop that would reach multiple downside targets and the convergence of 3 (out of 4) weekly HLS levels with the most recent and most applicable weekly HLS at 3123/GCM.
Gold spiked down to 3123/GCM (while retracing .618 of its most recent surge) and quickly surged from that level… Meanwhile, Silver remained resilient and merely retested its month-opening low without closing below it. That keeps Silver in a relatively tight ~5-week range – a potential ‘2’ wave pullback of a developing new 5-wave advance…
Silver could see a new rally in the second half of May ’25… Gold fulfilled a symmetrical ‘c = a’ wave correction – with the ‘c’ wave equaling the ‘a’ wave in both price and time – so the May 19th action needs to clarify.
The XAU & HUI sold off into mid-month with both indexes dropping to their weekly HLS levels (extreme weekly downside target) and Oct ’24 highs – pivotal ranges of multi-week support in both – while retracing 50% of their April surge…
Platinum & Palladium are attempting to rally with Platinum leading the way. They did not spike much higher leading into mid-month so there is still impending upside potential that could stretch a rally into late-May when Platinum has a ~3.5-month high-high-(high) Cycle Progression culminating.
That would also complete three successive 6 – 7 week advances and allow Platinum’s latest rally to match the preceding decline. (That timing symmetry would take on greater significance if Platinum created similar price symmetry and rallied back to ~1070/PLN, its preceding high.)
Weekly closes above 1032/PLN & 1009/PAM are needed to provide convincing signs of a multi-month low and the onset of a larger-magnitude (likely 3 – 6 month) advance.
Copper is trading similar to Silver, retracing from its rebound peak in late-April but not (yet) displaying significant new weakness. This comes after it bottomed in early-April – while fulfilling a ~13-week/~90-degree high-high-low-(low) Cycle Progression – and then surged into a ~4-week/27 – 29-day low-low-low-high-(high; April 22 – 24) Cycle Progression.
On a broader basis, Copper completed a 5-wave advance – from July ’22 into March ’25 – and then corrected back to its ‘4th wave of lesser degree’ support at ~4.070/HGN… potentially setting a new 3 – 6 month low.
That support is both the Aug ‘24 & Jan ’25 lows (wave ‘4’ of previous 5-wave advance) – the final low before the culminating rally. It was also the level of the rising monthly 21 Low MAC (~4.070/ HGN) and monthly 21 High MARC.
Reinforcing the potential for a multi-month low, Copper held its Jan ’25 low – a low that fulfilled a ~15-month high-high-low (July ’22) – low (Oct ’23) – (low; Jan ’25) Cycle Progression. As long as that low holds, it should spur at least a 7 – 8 month (ideally, ~10-month) advance.
The April 7th low is also critical from a weekly trend perspective.
As Copper was plunging into that low, it triggered a pair of neutral signals against its prevailing weekly uptrend. Since then, it has added more. However, Copper cannot turn that weekly trend indicator down until a weekly close below 4.0740/HGN. That is also what it would take to turn the intra-year trend down.
From many perspectives, that April 7th low is a decisive & pivotal one. As long as Copper remains above it, it is perceived to be in a developing new multi-month uptrend. On a near-term basis, Copper needs a daily close above 4.810/HGN to signal new strength.”
Gold & Silver retreated into mid-May, the ideal time for a multi-week low to take hold. While Gold remains below multi-month cycle highs fulfilled in late-April, Silver is building a base and preparing to surge after fulfilling multi-month cycle lows and downside objectives in early-April. That coincided with the outlook for Platinum & Palladium to enter bullish cycles on April 7 – 11th and surge – on balance – into June ’25.
Recent action also reinforces the 17-Year Cycle impact on Silver and corroborates the outlook for a MAJOR uptrend in white metals following April ’25 cycle lows…
17-Year Cycle & Silver: April ’25 Low
The April ’25 INSIIDE Track detailed why Platinum was/is on the cusp of a Major advance (along with Silver & Palladium), stating: “This could be one of the ‘golden’ (or is that ‘platinum’) trading opportunities of 2025!” The first phase of that was/is expected to be a sharp rally into the next phase of Platinum’s ~5-week cycle on June 9 – 13, ’25.
The 40-Year Cycle of Currency War continues to impact Gold and its relationship to the US Dollar. Gold fulfilled major cycles in Sept/Oct 2022 when it perpetuated a 7-Year Cycle of consistent lows (2001 – 2008 – 2015 – 2022) that coincided with the onset of a new 40-Year Cycle of Currency War AND 80-Year Cycle of War and projected a multi-year bull market to follow (into at least 2025/2026 and potentially longer)…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
April 2025 ushered in a new and reinforcing phase of this overall shift and could be the first phase of major rallies in key metals (Platinum & Palladium) and the next phase for Gold & Silver. It also ushered in the time (April – August ’25) when War Cycles could produce some unexpected surprises.
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